FORNEBU, Norway, Feb. 14, 2024 /PRNewswire/ -- Fourth Quarter Highlights HMH delivered a record high adj. EBITDA of USD 44 million in the quarter. With this, 2023 adj. EBITDA came in at USD 132 million, up 30% versus 2022 HMH completed refinancing of its USD 150 million bond and USD 23 million term loan with a new USD 200 million bond DDW Offshore delivered a solid operational result with an EBITDA of NOK 40 million [...]
Aker Solutions delivered solid financial performance in the fourth quarter and for the full-year 2023, with increasing revenue and margins. The large secured backlog of projects with balanced risk-reward profiles provides good visibility for future activity levels. The market outlook remains positive, with increased energy spending forecasted in the years to come. Aker Solutions expects revenue to be up by around 15 [...]
FORNEBU, Norway, Jan. 30, 2024 /PRNewswire/ -- Reference is made to press release dated 27 September 2022 on the contract awarded by Petrofac in Australia to Akastor ASA's subsidiary DDW Offshore AS in respect of the vessel Skandi Atlantic. Petrofac has now awarded DDW Offshore a 9-month extension of the existing contract in Australia whereby Skandi Emerald will replace Skandi Atlantic in March 2024. The contract will [...]
LYSAKER, Norway, Nov. 14, 2023 /PRNewswire/ -- Aker Solutions has been awarded a sizeable1 contract from Vattenfall for the Norfolk Vanguard East Offshore Wind Farm off the coast of Norfolk, UK. The contract has a balanced risk-reward profile based on principles for long-term collaboration. The announcement follows the recent award for the Norfolk Vanguard West project, part of the Norfolk Offshore Wind Zone development [...]
LYSAKER, Norway, Nov. 8, 2023 /PRNewswire/ -- Aker Solutions has been awarded a limited notice to proceed contract from Vattenfall for the Norfolk Vanguard West Offshore Wind Farm off the coast of Norfolk, UK. The contract has a balanced risk-reward profile based on principles for long-term collaboration. Located more than 47 kilometers from the Norfolk coast and with an installed capacity of 1.4 gigawatts, Norfolk [...]
FORNEBU, Norway, Nov. 2, 2023 /PRNewswire/ -- Akastor ASA's 50% owned affiliate HMH Holding B.V. has today successfully completed a USD 200 million senior secured bond issue with a tenor of 3 years and a fixed coupon of 9.875 % per annum . Reference is made to Akastor's stock exchange notice on 30 October 2023. The net proceeds from the Bonds will be applied towards settlement in full of HMH's existing USD 150 million [...]
FORNEBU, Norway, Oct. 30, 2023 /PRNewswire/ -- Akastor ASA's 50% owned affiliate HMH Holding B.V. has today announced that it has mandated DNB Markets and Nordea as Global Coordinators and Joint Bookrunners and Arctic Securities and Pareto Securities as Joint Bookrunners to arrange a series of fixed income investor meetings, with the intention of seeking to secure a senior secured bond loan. The net proceeds from the [...]
Aker Solutions has delivered another strong quarter with growth in revenues, margins and cash generation compared to the same period last year. The outlook for the company remains strong with a solid secured backlog and high tendering activity. In early October, Aker Solutions announced the final closing of the OneSubsea joint venture, for which the company will receive USD 700 million and retain a 20 percent ownership in [...]
FORNEBU, Norway, Oct. 26, 2023 /PRNewswire/ -- Third Quarter Highlights HMH delivered an adj. EBITDA of USD 35 million, the highest level since inception of the combined company in October 2021. EBITDA increased 25 % year-over-year driven by continuing increase in aftermarket activity DDW Offshore completed sale of Skandi Saigon and Skandi Pacific to OceanPact DDW Offshore refinanced through a new USD 31 million facility [...]
FORNEBU, Norway, Sept. 26, 2023 /PRNewswire/ -- Akastor ASA's , wholly owned subsidiary DDW Offshore AS has completed a USD 31 million refinancing provided by EnTrust Global's Blue Ocean Funds as lenders. The new loan agreement matures in September 2026 and is guaranteed by Akastor. The funds have been or will be used for the following purposes: i. settlement of the existing loan facility maturing in February 2024 ii [...]
LYSAKER, Norway, Aug. 4, 2023 /PRNewswire/ -- Reference is made to the stock exchange release August 30, 2022 regarding the agreements to form a subsea joint venture with SLB and Subsea7. Closing is subject to regulatory approvals. Following clearance as of today by antitrust authorities in Brazil, all regulatory approvals/clearances required to close the transactions have been obtained, including required clearances in [...]
FORNEBU, Afghanistan, July 24, 2023 /PRNewswire/ -- Reference is made to the stock exchange announcement on 18 March 2021 by Akastor ASA regarding the two AHTS vessels Skandi Saigon and Skandi Pacific, which are owned by Akastor's subsidiary DDW Offshore AS and contracted out to OceanPact Servicos Maritimos S.A. under a bareboat agreement with a purchase obligation at the end of the bareboat term. Following expiry of the [...]
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